Financial problems that plagued the motorcycle manufacturer Gas Gas finally answered. The negotiation process for investors and lenders are expected to save the Spanish motorcycle manufacturer has failed. Gas Gas was insolvent and ceased production.
Gas Gas is known as trial and enduro motorcycle brand renowned in operation since 1985. They also have to sell off assets to cover the debts of the company.
Released MCN, Gas Gas issued an official statement related to this condition. "Some months we negotiate debt payments and try to resume production. But this process failed and they expressed Gas Gas Motors SA bankrupt."
Currently Gas Gas management worked quickly to process the sale of assets including plant and find potential buyers at the factory. "It is expected that later can reactivate produki trial and enduro motorcycles and can return to the company," said the official statement.
Gas Gas also guarantee servicing and spare part services for consumers, and hopes to soon rise again.
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